30 March 2011

Lucca (Italy) – Sao Paulo (Brazil)

Tagetik Starts Operation in Brazil

Twice Software named as a distributor for the country

Tagetik, a global provider of Performance Management, Financial Governance and Business Intelligence software solutions, today announced the beginning of its operation in Brazil (www.tagetik.com.br) and a partnership with Twice Software (www.tagetik.com.br), confirming the company’s commitment to expand its footprint within the growing Brazilian economic market.

Heading the new operation based in Sao Paulo is Antonio Rihl, who has over twenty-five years of experience in managing leading software and IT companies like Business Objects (now part of SAP) and Hyperion (now part of Oracle). Antonio Rihl will report directly to Tagetik’s Chief Operating Officer, Manuel Vellutini, and will be responsible for the development of the Tagetik brand, products and partnerships in the Brazilian market.

“Brazil is a unique market. It’s huge in potential and full of contrasts, offering profitable growth and big risk factors and that’s the sweet spot for business performance management solutions, especially for budgeting, planning and forecasting,” says Antonio Rihl. “In a fast changing economic scenario, the competitive advantage will come from the ability to manage business performance effectively and efficiently, being able to plan and control costs and cash flow, understand profitability and quickly adhere to financial reporting standards as well as new regulatory reporting requirements of a global economy. Covering all this aspects with an integrated approach and out-of-the-box, built-in financial intelligence, Tagetik should be soon one of the first choices for financial executives and their teams when searching for a financial management software.”

“Twice Software is a leading consulting company specializing in corporate performance management, business intelligence, data warehousing, data integration and master data management,” explains Roberto Marques, Managing Director at Twice Software. “The company provides end-to-end services from data architecture, implementation, project management, long term support, and training. Twice’s competitive advantage is derived from our extensive team of experts with the highest level of knowledge and competence who provide our customers the most innovative, reliable, and consistent results on every project,” he continues. “We are very excited and committed in sharing Tagetik’s vision and simplifying complex business processes for future Brasilian customers. We firmly believe that Tagetik 3.0 is a powerful and robust software solution that delivers full scalability and extensive functionalities in all Performance Management and Financial Governance areas.”

“We continue to expand internationally through our distributor network as well as investing heavily in marketing and partnering,” explains Manuel Vellutini, EVP Chief Operating Officer at Tagetik. “The opening of Tagetik Brazil and the partnership with a system integrator like Twice Software are a huge opportunity to capitalize in order to support our global expansion and start gaining attention in international markets such as Latin America, other than Western Europe and the U.S.”